Tag: weekly global scrap market
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Weekly round-up: Tight availability pushes global ferrous scrap offers higher
Imported ferrous scrap offers rebounded this week due to material shortage. Turkish imported scrap buyers started restocking. Low demand for finished steel in Vietnam resulted in limited buying of scrap. Japan’s scrap export offers edged down amid negative buying interest even as the market is awaiting Kanto tender results. Shagang Steel’s scrap prices rose following…